Inflation hits rate cut hopes; Apple, Microsoft pass $US4tr; social media’s creative bans

Thursday 30 October 2025

Hot inflation dashes hopes of an interest rate cut on Melbourne Cup Day next week. 

• Woolworths sales disappoint, though the supermarket’s outlook is improving. 
• Both Microsoft and Apple pass $USS4 trillion in market capitalisation. 
• The federal government is under fire over a lack of new social housing.
• Social media companies get creative finding ways to block under-16-year-olds.

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